US authorities have launched an attack on a Swiss banker and lawyer who they believe helped wealthy Americans conceal assets in secret Swiss bank accounts.

AXA Distribution Services is in talks to provide access to third party product wrappers through its Elevate wrap platform.

High Court rules it cannot endorse PwC proposal to speed up the return of assets to creditors, but firm says it may appeal

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.

HMRC has launched a revised version of its 302 page Residence, Domicile and Remittances Manual, including an updated chapter on the remittance basis.

US Federal Reserve chairman Ben Bernanke will be nominated for a second term by Barack Obama later today.

Barclays Wealth has launched new issues of its Minimum Return Plan, Protected FTSE Plan plus UK and US Super Trackers after the early closure of its preceding range.

Britannia International has launched a new issue of its Guaranteed Capital Bond due to demand.

The average rate of interest paid on Euro offshore savings accounts has dropped by 0.26% to just below 1% in the past three months, according to Investec Bank (Channel Islands).

The Dow Jones hit a fresh year high this morning after Federal Reserve chairman Ben Bernanke said the US economy is nearing recovery.